American prosperity always has relied on the fact that we are the most productive people in human history.
Unfortunately, some short-term Band-Aids for the widespread economic distress caused by the coronavirus lockdowns may have substantial negative effects that make it harder for Americans to get back on their feet.
While much of what is in the CARES Act passed by Congress will be important in mitigating the damage of the COVID-19 pandemic, some provisions already are creating bad, unintended consequences.
One problem has been the federal unemployment insurance that gives unemployed Americans $600 a week no matter what they were making before they lost their jobs.
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